Tandem Investment Partners LLC Invests $381,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Tandem Investment Partners LLC acquired a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,962 shares of the company’s stock, valued at approximately $381,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division grew its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after buying an additional 604 shares in the last quarter. Hoese & Co LLP purchased a new stake in Schwab US Dividend Equity ETF in the 4th quarter worth approximately $26,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the last quarter. Moisand Fitzgerald Tamayo LLC raised its holdings in Schwab US Dividend Equity ETF by 294.3% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after acquiring an additional 777 shares during the last quarter. Finally, PFG Private Wealth Management LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after purchasing an additional 686 shares during the period.

Schwab US Dividend Equity ETF Stock Down 1.3 %

Shares of NYSEARCA:SCHD opened at $24.94 on Tuesday. The company has a market cap of $62.85 billion, a P/E ratio of 17.12 and a beta of 0.86. The business has a fifty day simple moving average of $27.80 and a 200-day simple moving average of $28.09. Schwab US Dividend Equity ETF has a 52 week low of $24.18 and a 52 week high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.2488 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Schwab US Dividend Equity ETF Company Profile

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.